Currency pair #1: The Australian Dollar / US Dollar (AUD/USD)
Here’s something interesting.
The Australian Stock Exchange (ASX) opens at around 1:00am and closes at 7:00am our time.
For them it opens at 10:00am and closes at 4:45pm.
This sounds very late to be awake to trade the AUD/USD Australian dollar versus the American dollar, but you don’t have to worry about this.
You see, the AUD/USD is an absolute pleasure to trade 24 hours a day, 5 days a week.
I can say this because in my trader service Forex Trader
, I often send out AUD/USD trades throughout the year. And I’m able to help bank subscribers double digit gains.
I’ll give you a recent example. On the 6 October I told my Forex Trader members to go long AUD/USD (Australian Dollar versus the American dollar) at 0.7110 in just one day, the currency flew up to our take profit levels at 0.7160 banking them a 50% gain.
These are the opportunities that we are able to grab even while Australia is fast asleep.
The AUD/USD is one of the most traded instruments in the world
Well, the AUD/USD falls under a category called a major currency pair.
This means it is one of the currency pairs that are heavily traded in the currency markets.
With huge buying and selling of this pair, you can expect strong up and down trends which is what we look for when we trade Forex.
In fact, the AUD/USD falls under the top five traded currency pairs in the world. And this is due to the huge relationship Australia has with China.
There are deposits and exports of natural resources with China and Australia which makes it very favourable for traders to trade the AUD/USD.
And in terms of the economy, Australia has had a strong up (bullish) cycle of events.
1. High interest rates (1.50%) compared to Europe and America who border around 0.50%.
2. Strong growth
3. Increasing commodity prices
4. And strong relationship with China and Australia as mentioned before.
These are some of the reasons why traders and institutions around the world, flock to the AUD/USD to trade.
There’s another all important reason. Because there are huge transactions taking place between the AUD/USD, you won’t have to worry about low movements (low volatility).
And these are the kinds of traits that I look for when trading a major currency pair like the AUD/USD.
“Wisdom yields Wealth”
If you’d like to grab the next double digit gain on the AUD/USD click here
because a trade is lining up as you read.